Ranpak Holdings Corp’s filing revealed that its MD, North America Siebert Mark A. acquired Company’s shares for reported $20.0 on Nov 28 ’23. In the deal valued at $4.10 per share,5 shares were bought. As a result of this transaction, Siebert Mark A. now holds 272 shares worth roughly $2059.04.
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Then, Siebert Mark A. bought 267 shares, generating $1,063 in total proceeds. Upon buying the shares at $3.98, the MD, North America now owns 267 shares.
Before that, Tranen Alicia M. bought 5,000 shares. Ranpak Holdings Corp shares valued at $16,100 were divested by the Director at a price of $3.22 per share. As a result of the transaction, Tranen Alicia M. now holds 30,000 shares, worth roughly $0.23 million.
Goldman initiated its Ranpak Holdings Corp [PACK] rating to a Neutral in a research note published on August 24, 2021; the price target was $32. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in early August with a ‘”an Outperform”‘ rating. Berenberg began covering PACK with “Buy” recommendation on April 26, 2021.
Price Performance Review of PACK
On Friday, Ranpak Holdings Corp [NYSE:PACK] saw its stock jump 0.53% to $7.57. Over the last five days, the stock has gained 0.80%. Ranpak Holdings Corp shares have risen nearly 30.07% since the year began. Nevertheless, the stocks have risen 45.86% over the past one year. While a 52-week high of $7.82 was reached on 03/21/24, a 52-week low of $2.63 was recorded on 02/05/24. SMA at 50 days reached $5.07, while 200 days put it at $4.87. A total of 0.58 million shares were traded, compared to the trading of 0.83 million shares in the previous session.
Levels Of Support And Resistance For PACK Stock
The 24-hour chart illustrates a support level at 7.40, which if violated will result in even more drops to 7.23. On the upside, there is a resistance level at 7.71. A further resistance level may holdings at 7.85. The Relative Strength Index (RSI) on the 14-day chart is 75.77, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.19%. Stochastics %K at 92.76% indicates the stock is a selling.
How much short interest is there in Ranpak Holdings Corp?
A steep rise in short interest was recorded in Ranpak Holdings Corp stocks on Feb 29, 2024, growing by 20000.0 shares to a total of 1.28 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.26 million shares. There was a rise of 1.56%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.96% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.59.
